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Old March 23rd, 2012, 05:27 AM   #121
rizalhakim
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Mah Sing Group Bhd received three wins at the Asia Pacific Property Awards for both its residential and commercial projects: High Rise Architecture for Malaysia for its Icon Residence, Mont'Kiara; Office Development for Malaysia for Icon City, Petaling Jaya; and Commercial Redevelopment for Malaysia for Icon City, Petaling Jaya.

http://www.theedgeproperty.com/news-...ty-awards.html
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Old April 30th, 2012, 05:54 AM   #122
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Tower 1 of Mah Sing's Icon Residenz 70% booked
By Lam Jian Wyn of theedgeproperty.com
Friday, 27 April 2012 16:13

PETALING JAYA (April 27): The first tower of Mah Sing Group Bhd's Icon Residenz serviced apartments in its Icon City mixed development is almost 70% booked ahead of its launch on May 12, said COO Andy Chua.

"We've had almost 12,000 registrants since late last year. We are confident of selling all the units in a weekend," he told The Edge Financial Daily recently.

The 40-storey tower comprises 249 units with built-ups from 569 to 1,795 sq ft and come in one, two, three, 3+1 and 4+1 bedroom configurations.

Prices range from RM602,000 to RM1.65 million, which is slightly over RM1,000 psf.

Justifying the price tag, Chua said: "The convenience we are offering is unparalleled. I think the only development that comes close to what we are providing is Mid Valley City (which comprises shopping malls, offices and hotels). So you have everything under one roof. The price also reflects the RM200 million we will spend on new ramps and roads into Icon City."

Icon Residenz will feature two 40-storey towers with Tower 2 comprising 323 units, totalling 572 units.

The towers have an estimated combined gross development value (GDV) of RM364.38 million. The towers are aiming for a Green Mark Gold standard.

Tower 2 is expected to be launched in June or July, and while prices have not been firmed up, Mah Sing is considering a 5% to 10% mark-up.

"We've obtained special permission to extend the construction period to 44 months. So the whole of phase 1, including Icon Residenz, will be completed in 2016," he said.

Icon Residenz units come with a 10ft-high ceiling, audio-video intercom security system, air conditioning units, and an automated waste collection system.

The apartments are also partially furnished, with the 3+1 and 4+1 bedroom units having built-in wardrobes.

Both towers have common facilities on Level 33 such as pools, saunas and steam baths, reading lounges, gym rooms, children's playground, barbeque deck, picnic terrace and landscaped gardens with foot reflexology paths.

Icon City is sited on a 19.6-acre (7.84ha) leasehold tract in Sungai Way at the intersection of the Federal Highway and the Damansara-Puchong Highway.

The entire development has a GDV of RM3.2 billion and is divided into two phases. The first phase features the Icon Residenz, the 30 Jewels 7-storey and 8-storey shop offices, 1-storey and 2-storey Gourmet Street shops, i-Sovo (small office versatile office) suites and a five-acre park.

Phase 2 consists of a boutique hotel and a connected serviced apartment, four office towers and a shopping complex.

Last November, Mah Sing signed a memorandum of understanding with Thailand's Central Pattana Pcl to explore the mall's feasibility.

The mall will have an estimated net lettable area of one million sq ft and Mah Sing expects it to rival Mid Valley Megamall at least in terms of size.
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Old April 30th, 2012, 05:57 AM   #123
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Mah Sing's jv agreement with Thailand's Central Pattana is now cancelled.
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Old April 30th, 2012, 07:13 AM   #124
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Mah Sing's jv agreement with Thailand's Central Pattana is now cancelled.
What a sad news....
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Old April 30th, 2012, 03:41 PM   #125
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Type : Announcement
Subject : MEMORANDUM OF UNDERSTANDING

Description : MAH SING GROUP BERHAD (“MAH SING” OR “COMPANY”)

MEMORANDUM OF UNDERSTANDING BETWEEN SIERRA PENINSULAR DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND CENTRAL PATTANA PUBLIC COMPANY LIMITED, THAILAND

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 2 November 2011.

Further to our announcements dated 2 November 2011 and 2 February 2012 in respect of the MOU for the potential Joint Cooperation with Central Pattana, the Board of Directors of Mah Sing wishes to announce that the parties have mutually decided not to pursue further with the MOU. However, both parties remain open to cooperate in the future if and when other opportunities arise.

The mutual cessation of the MOU will not have any effect on the net assets, gearing and earnings of Mah Sing for the financial year ending 31 December 2012.

None of the directors and/or major shareholders of Mah Sing or persons connected to them have any interest, direct or indirect, in the MOU.

This announcement is dated 26 April 2012.
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Old July 12th, 2012, 06:14 AM   #126
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By Johnni Wong [email protected] | July 12, 2012
Icon City PJ homes cost over RM1,000 psf

---------------------------------------------------------------

Sales transactions commenced on May 12 when the Icon City project was launched.

Building components:

Tower 1 – Icon Residenz (serviced apartment): 40 storeys / 70% sold

Tower 2 - Icon Residenz (serviced apartment): 40 storeys / not opened for sale yet

Tower 3 – i-SOVO (small office, versatile office): 31 storeys / fully sold

Tower 3A - i-SOVO (small office, versatile office): 31 storeys / 50% sold

Tower 5 – Boutique office tower: 14 storeys / en bloc sale only

Block 1 & Block 2 (low-rise): 30 Jewels shop-office units / over 90% sold

For investors, the highlights of Phase 1 include:

- Central Park podium that spans 4 acres

- Over 3,800 parking bays

- Catchment potential of over 3,800 residents and tenants

Gourmet Street
One of the interesting feature of Phase 1 is the Gourmet Street concept located at the podium level of Level 1 and Level 2 below Tower 3 and Tower 3A. There will be 21 food and beverage outlets ranging in size from 3,041sq ft to 5,803sq ft costing RM4mil-6mil. Currently, 60% of the F&B units have been sold.

The other 29 retail lots are located at Central Park on Level 3 and Level 3A and certain units are still available.

Phase 2
Phase 2 of the development is still in the planning stage. It is envisaged that this phase will take another four years to complete. It will involve the remaining 10 acres of land with commercial status.









http://www.starproperty.my/PropertyS...tBox/23171/0/0
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Old August 30th, 2012, 08:35 AM   #127
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any construction update??
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Old August 31st, 2012, 07:24 PM   #128
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Quote:
Originally Posted by rizalhakim View Post
any construction update??
lotsa of piling machines on sites....
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Old November 25th, 2012, 04:51 AM   #129
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Old November 29th, 2012, 06:10 PM   #130
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ICON RESIDENZ

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Old November 30th, 2012, 05:00 AM   #131
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People nowadays like to stay high...and 3A seems like not a good one too
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Old November 30th, 2012, 05:36 AM   #132
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Sometimes units that face not so good view or afternoon sun, etc cannot sell... people are choosy!
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Old November 30th, 2012, 05:43 AM   #133
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Really surprise tat most units sq.ft are really small...
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Old March 1st, 2013, 12:05 PM   #134
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Mah Sing 2012 profit advances 37% to RM231mil

1 March 2013

PETALING JAYA: Mah Sing Group Bhd delivered another bumper year with its 2012 full-year net profit 37% higher at RM230.6mil while its revenue for the year increased by 13% to RM1.78bil compared to a year ago, supported by its developments in the Klang Valley.
The property group's fourth quarter net profit was up 35% to RM55.4mil and its revenue was RM441.4mil, 4.6% higher compared to the same quarter last year.

In a statement, the group cited Kinrara Residence in Puchong, Garden Residence, Clover @ Garden Residence and Garden Plaza in Cyberjaya, M-Suites and M-City in Jalan Ampang, Icon City in Petaling Jaya, Aman Perdana in Meru - Shah Alam, M Residence in Rawang, One Legenda, Hijauan Residence in Cheras and Icon Residence in Mont' Kiara as the residential projects that contributed to net profit and revenue.


Commercial projects that made an impact on the group's performance were Star Avenue @ D'sara, Southgate Commercial Centre in Sungai Besi, StarParc Point in Setapak and industrial projects i-Parc 1, i-Parc 3 in Bukit Jelutong and i-Parc 2 in Shah Alam. The group said that it intends to roll out at least RM3.7bil worth of launches in 2013 to fulfill their sales target of RM3bil, which is 20% higher than for 2012 but in line with the existing scale of operations of 40 projects.

“Greater KL and Klang Valley will make up the bulk of 2013's sales target at 62%. Penang island is expected to contribute 13%, with 20% from Johor Baru and the balance 5% from Sabah,” group chief executive Tan Sri Leong Hoy Kum said. “We have been spot-on with market demand in terms of our launches, allowing us to deliver commendable double-digit growth in both revenue and profits.”
The group recorded sales above RM2.5bil, compared with RM2.26bil locked in property sales for 2011.

Besides ongoing projects, the group has six new projects which will drive their growth in 2013 - Southville City and M Residence 2 in the Klang Valley, Ferringhi Residence in Penang island, Mah Sing [email protected] Pelepas and The [email protected] which are located in Iskandar Malaysia and Sutera Avenue in Kota Kinabalu, Sabah.

MOre: http://biz.thestar.com.my/news/story...4&sec=business
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Old March 27th, 2013, 09:09 AM   #135
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Icon Residenz Creative Tower launching soon
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Old May 30th, 2013, 06:09 PM   #136
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Old June 2nd, 2013, 01:29 PM   #137
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Some parts of this project is few floors basement already...
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Old June 19th, 2013, 08:23 AM   #138
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http://www.iproperty.com.my/news/708...ntial-concepts
Icon Residenz Creative Tower @ Icon City
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Old June 19th, 2013, 12:42 PM   #139
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Mah Sing's Mall List in Selangor

First - Southgate Commercial Centre
Second - Icon City
Third - Garden Plaza
Fourth - Avenue Street Mall
Fifth - Damansara Sentral

Could that be True?
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Old June 21st, 2013, 05:10 AM   #140
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Icon City PJ’s second apartments tower previews this weekend, priced from RM588K

Posted on June 21, 2013 - Featured, Property News.

Icon Residenz – the Creative Tower offers dual key units, where two apartments have separate entrances but are linked by a door.

Mah Sing Group Bhd’s Icon City mixed development near Kelana Jaya, PJ, will preview its second tower of serviced residences to the public this weekend of June 22-23, from 10am to 6pm.

Dubbed Icon Residenz – the Creative Tower, it comes after 2011′s launch of the i-Sovo units, and last year’s launch of the first Icon Residenz tower, in Icon City.

The Creative Tower offers 11 layouts of 2-bedroom, 3-bedroom and dual key units with built-up areas ranging from 675, 965 and 717 sq ft, respectively. Apartments are priced from RM588,000 (unfurnished), and the average price per sq ft comes up to RM850 per sq ft, says the developer.






http://www.starproperty.my/index.php...ed-from-rm588k
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